American Eagle Outfitters (NYSE:AEO) headquartered in Pittsburgh, Pennsylvania, announced net income for the first quarter of $ 25.24 million or $ 0.14 per share, compared to income $ 40.48 million or $ 0.22 per share for the year-ago quarter.
AEO recorded first quarter Non-GAAP net income of $ 28.68 million or $ 0.16 per share, while analysts from Thomson Reuters expected income of $ 0.17 per share.
Top line figures for the first quarter increased to $ 761.84 million from $ 749.42 million in the same quarter last year, where as analysts anticipated $ 741.70 million.
Analysts estimates generally exclude one time charges / gains.
Jay Schottenstein, CEO, commented: The first quarter results reflected mall traffic headwinds, especially early in the quarter, with improved trends over Easter and a strong digital business throughout. The six million shares repurchased this quarter reflects the company’s strong cash flow, healthy balance sheet and confidence in our brands and long-term strategic initiatives.
For the next quarter, the company expects EPS in the range of $0.15 to $0.17.